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Search Results 0 to 17 of about 18 (some duplicates have been removed)
. >>> the devastation of superstorm sandy, the impact it could have on the economy and what happened at the new york stock exchange that hadn't happened in more than 100 years. >>> the changing way we deal with and learn about crises, the perils and power of social media. "wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. a positive jobs report and labor department reporting that the unemployment rate ticked up a notch in the month of october to 7.9%. but 171,000 jobs were created in the month well above expectations. numbers for the last two months were also revised upwards and 84,000 jobs added for august and september. new york's mayor michael bloomberg rang the opening bell at the new york stock exchange after a two-day shutdown because of superstorm sandy. that's the first two-day weather related shutdown at the new york stock exchange since 1888. the first day post storm trading was a slow one but no glitches.
what each candidate's policy means for america. >>> dhaechb station of superstorm sandy. the impact it could have on the economy and what happened at the new york stock exchange that hadn't happened in 100 years. >>> the changing way we deal with and learn about crises, the powers, krit pals of social media. the "wall street journal report" begins right now. >>> here's what is making news as we head in to a new week on wall street. a positive jobs report. the final one before the election on tuesday. the labor department reporting the unemployment kicked up in november to 7.9%. but 171,000 jobs were created in the month, well above expectations. numbers for the last two with months were revised upwards. an additional 84,000 jobs added for august and september new york's mayor michael bloomberg rang the bell on wednesday after a two-day shutdown because of super storm sandy. that's the first two-day weather related shut down at the new york stock exchange since 1888. it was a first slow day but there were no glitches. the markets picked up steam. the markets fell on friday. stocks cl
will make it more expensive for the united states to borrow money. >>> superstorm sandy would provide an economic boost to the auto industry. 250,000 new and used cars may have been ruined by sandy. a loss that could eventually lead to a spike in auto sales. overall consumer borrowing expanded in september but at a slower pace than the previous month. a sign buyers may be pulling back on credit card purchases. this is an important point because consumer and consumer spending make up two-thirds of the u.s. economy. >>> what will a second term for president obama mean to the economy? will we see compromise or fall over the fiscal cliff? joining me are two former top presidential advisers. laura tyson, chair of the economic advisers then for president clinton and marty feldstein who held the same title under president reagan. laura, marty great to have you on the program. thank you for spending the time today. >> thank you. >> good to be with you. >> marty, both sides appear to be extending an olive branch when with it comes to the fiscal cliff. do you think we will reach a compromise? a
are slow from superstorm sandy? >> i don't think we will see every retailer do it. i think it will be selective. i think it is spreading out the season and making black friday seem as if the traffic is elongated. the fact we should have a decent friday. i think saturday and sunday typically tail off but i don't think we will see every retailer open on thursday. i think black friday is still the event but feels like it keeps getting earlier. i got more e-mails in my e-mails about black friday starting on monday. >> what do you think about black friday, do you think it will spread out the whole weekend or is black friday as important as it has been. the young people come out midnight to 6:00 a.m. and the parents come out after wards and there's a lot of time in the day to shop. what are you seeing in terms of the 2012 impact so far. ron, can you speak to that in terms of what we are seeing this year? because we have a different economy versus last year. people are still worried about unemployment and the fiscal cliff. is that impact's people's to -- proclivity to spend money?
% for the month. autos particularly hit hard. and it's likely superstorm sandy slowed business at the end of the month. >>> well, he is a rare breed, a wall street insider who has the president's ear. what is president obama thinking these days? and what can we expect of the fiscal cliff negotiations? robert wolf is an outside adviser to president obama. a former president of investment banking at ubs and now ceo of the firm 32 advisers. robert, great to see you. >> great to be here, maria. >> thanks for joining us. so you are a rare breed. you're a top wall street executive, but you have a very close relationship with the president. so talk to us about this drama over the fiscal cliff. are we still in the positive touring stage? how does this play out? >> i hope it plays out with a deal. i would have probably put it around 80% a deal. but i would have sliced it this way. i would say 50% of that 80 is that they come up with, like, $60 billion. which is six months of the ten years of the $1.2 trillion sequester. >> okay. >> okay? >> so that's a drop in the bucket. >> a drop in the bucket.
hardnd likely superstorm sandy slowed business at the d of the month. >>> he's a rare breed, a wall street insider who has the president's ear. what is president obama thinking these days? what can we expect of the fiscal cliff negotiations, robert wolf is an outside adviser to president obama. former president of investment banking at ubs and ceo of the firm 32 advisers. great to seeyou. >> great to be here, marie a ya. >> t thank you for joining us. you are a rare breed. a top wall street exivutivee bu f close relationship with the president. talk tous about this drama over the fiscal cliff. are we still in the posturing stage? how does this play out? >> i hope it plays out with a deal the. i would have probably put it around 80% a deal, but i would have sliced it this way. i would say 50% of thahat 80 is they come up with like $60 billion, which is six months of the ten years of the 1.2 trillion sequester. >> okay. >> okay. so something like -- >> a drop in the bucket. >> a drop in the bucket. you could do that and if you were doing that you would have to say okay and we are goin
Search Results 0 to 17 of about 18 (some duplicates have been removed)

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